2000 Minnesota Statutes

     356.453 Purchase of prior service. 

    A person who is excluded from pension coverage under the 
 provisions of Laws 1978, chapter 720, but who subsequently 
 becomes employed in unsubsidized public employment with public 
 pension plan or fund coverage, whether with the same public 
 employer which provided the subsidized employment or another 
 public employer, is entitled to purchase service credit for that 
 period of prior subsidized public employment, other than a 
 period of prior subsidized public employment for which a 
 repayment of a refund under section 356.452 is made, with the 
 public pension plan or fund which, except for the exclusion 
 provided for by Laws 1978, chapter 720, would have provided 
 pension coverage for the subsidized employment.  Payment must 
 include all employee and employer contributions at the rates and 
 on the salary in effect when the subsidized employment was 
 rendered plus interest at the rate of 8.5 percent per annum 
 compounded annually from the year purchased to the date payment 
 is made; provided, however, that the employer for the 
 unsubsidized employment, the employer for the subsidized 
 employment, or the applicable federal Comprehensive Employment 
 and Training Act prime sponsor from funds provided under the 
 federal Comprehensive Employment and Training Act, as funds 
 permit, may pay the employer contribution and the employer 
 additional contribution, if any, plus interest at the specified 
 rate.  The public employer which provided the subsidized 
 employment shall provide whatever documentation of periods of 
 subsidized public employment and the salary received that the 
 pension plan or fund shall require.  Payment must be made in one 
 lump sum by the date of retirement and no service credit with 
 respect to the payment may be granted until payment is received 
 by the pension plan or fund. 

    HIST: 1978 c 720 s 21; 1993 c 307 art 4 s 52